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Deals du Jour
General Motors’ upcoming Volt model will run up to 230 miles per gallon of fuel, but the saga to sell off its European operations seems equally long-lasting. The bidding process is now between two bidders — Magna International and RHJ International — with GM’s CFO Ray Young telling Reuters earlier that “everyone is anxious to get this thing done”.
In other M&A related stories reported by media on Wednesday:
Indian state-run explorer Oli and National Gas Corp is in talks with three Russian firms about a joint bid for a stake in YPF the Argentinean arm of Spanish oil major Repsol YPF SA, the Economic Times reported.
JP Morgan is looking to sell 23 office properties in what may be the country’s largest office real estate sale this year, the Wall Street Journal said. Here’s Reuters’ report.
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It’s hard to imagine that our infrastructure is ready for a 230mpg car. I’m for it, but we seem to still be so oil dependent and because of this we still seem to need cars that use more gas. I really hope we can get beyond the need to fuel our economy on off-shore gas..
Paul